Lombard Street | Barclays Group Archives Stories Lombard Street Barclays' Head Office was originally located in Lombard Street. From very early times, Lombard Street seems to have been associated with the world of finance. The Elizabethan historian, Stow, suggested that it was named after Italian financiers from Lombardy who were granted land in London in 1318 to establish gold and silversmithing shops. Indeed, it was from the goldsmiths' trade that early banking practices developed. The whole of Lombard Street was destroyed together with a large portion of the City by the Great Fire which swept through London on 2 September 1666. An eyewitness of the disaster, the Earl of Clarendon, described the scene thus: The Royal Exchange with all the street about it, Lombard Street, Cheapside, Paternoster Row, St Paul’s Church and almost all the other Churches in the City, with the Old Bailey, Ludgate and all St. Paul’s churchyard, even to the Thames and the greatest part of Fleet Street, all of which were places best inhabited, were all burned without one house remaining. Barclays' first connection with the site dates from soon after the fire.

John Freame, from whom our history is usually traced, traded as a goldsmith in Lombard Street from 1690, with Thomas Gould. The partners moved to the sign of the Black Spread Eagle in 1728, which later came to be numbered as 54 Lombard Street. Signs were used to identify buildings in an age when few people could read, and, as buildings changed hands, signs would remain. Barclays, who continued to trade from the site in Lombard Street, became identified with the Spread Eagle which was then adopted as the official coat of arms for the Bank in 1937. The Barclay name entered the business in 1736 when James Barclay, who had married one of John Freame's daughters, was taken into the partnership by his brother-in-law Joseph. In the early 1900s, the Barclays site comprised 49-56 Lombard Street and 1-2 George Yard, which housed the Lombard Street Local Head Office.

In 1912, the frontage to Lombard Street was extended by the purchase of numbers 46, 47 and 48, and in 1914, numbers 42, 44 and 45 were acquired. Number 43 was added in 1919, and numbers 57 and 58 in 1920. By 1931, the Bank owned the greater part of a site bounded by Lombard Street, Gracechurch Street, George Yard and Ball Alley. All Hallows church and churchyard occupied a large area within this site but the ecclesiastical commissioners had some years earlier included the church in a number of properties which they proposed to sell. In 1933, the bank began negotiations for the purchase of the church and the properties adjoining it on Gracechurch Street. However, the negotiations were protracted and it was not until 1939 that a private bill was finally passed by Parliament to make the purchase possible. The church was then demolished although its tower was re-erected as part of a new church at Twickenham.

The site was partially cleared, but the outbreak of war in 1939 delayed further demolition work and planned reconstruction. It was not until 1956 that all the necessary approvals and sanctions for rebuilding were obtained, with architects Sir Herbert Baker and Scott appointed to the work. The rebuilding was planned in three phases, and the foundation stone of the new Head Office was laid in January 1959. The building covered nearly an acre and provided a floor area of 400,000 square feet. The external walls were faced with Portland Stone. Inside, the Lombard Street branch and Local Head Office occupied the ground floor and the first to fifth floors accommodated head office departments. The offices of the chairman and directors were on the sixth floor and the board rooms and library were on the seventh. The three lower floors housed the engineering services, strong rooms, stores and car park. The building was completed in 1969, although alterations continued to be made for several years. Technical and organisational changes in banking, coupled with the low office density, meant that the building, although liked by staff, became unsuitable as a head office after only twenty years' use, and therefore it was decided to rebuild once again.

Demolition began in 1990. During the rebuilding, head office departments were relocated to temporary quarters in various other bank premises. They began to return to Lombard Street on completion of the present building in 1994, but in 2001, Barclays announced that head office would move to new premises in Canary Wharf in 2005. In January 2005, the first departments from a number of sites across London began to move into 1 Churchill Place at Canary Wharf. By May, all departments had relocated, and Barclays' Registered Office address formally changed from 54 Lombard Street to 1 Churchill Place on 31 May 2005. Tags matheson.co.uk - The Matheson Group Matheson & Co Limited, established in London in 1848, is a wholly owned subsidiary of Jardine Matheson Holdings Limited . Jardine Matheson is today a diversified business group focused principally on Asia. Its businesses comprise a combination of cash generating activities and long-term property assets.

The Group's interests include Jardine Pacific, Jardine Motors, Jardine Lloyd Thompson, Hongkong Land, Dairy Farm, Mandarin Oriental, Jardine Cycle & Carriage and Astra International, while the Group also has a minority interest in Zhongsheng Group, one of mainland China's major motor dealership groups. These companies are leaders in the fields of engineering and construction, transport services, insurance broking, property investment and development, retailing, restaurants, luxury hotels, motor vehicles and related activities, financial services, heavy equipment, mining and agribusiness. Matheson & Co provides support services to the Group's subsidiary and associated companies, including its United Kingdom based business interests. The Jardine Matheson Group has a number of investments in the United Kingdom, one of the most significant being its 42% interest in Jardine Lloyd Thompson Group plc , one of the world's largest providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. Headquartered and listed in London, the group offers services in over 135 countries and has a significant presence in the Asia-Pacific region. Jardine Motors Group plc represents the Group's motor interests in the United Kingdom.

It is one of the largest independent dealership groups representing a broad range of luxury marques including Aston Martin, Audi and Volkswagen, Jaguar and Land Rover, Mercedes-Benz and Porsche. Through listed subsidiary, Mandarin Oriental International Limited , which operates some of the world's most prestigious hotels and resorts, the Jardine Matheson Group has an interest in the Mandarin Oriental Hyde Park Hotel, one of London's most prestigious hotels located in the heart of Knightsbridge with picturesque views over Hyde Park. Matheson & Co., Limited is a company registered in England and Wales. Company Registration Number: 100295. Registered Office: 3 Lombard Street, London EC3V 9AQ, UK Tel: 020 7816 8100 © 2016 Jardine Matheson Limited. All Rights Reserved. 1 Lombard Street, London - City of London - Restaurant Reviews, Phone Number & Photos - TripAdvisor Want the lowest hotel prices? You're in the right place. We check 200+ sites for you. 1 Lombard Street, London #2,881 of 17,689 Restaurants in London Certificate of Excellence Is this restaurant good for local cuisine?

Yes Does this restaurant offer free wifi? Yes Is this restaurant good for breakfast? Yes Is this restaurant good for lunch? Yes Is this restaurant good for dinner? Yes Does this restaurant offer outdoor seating? Yes Does this restaurant offer highchairs for toddlers? Yes Is this restaurant good for scenic view? Yes Does this restaurant have parking? Yes Does this restaurant offer valet parking? Yes Map updates are paused. Zoom in to see updated info. Reset zoom 1 Lombard Street | Bank, London EC3V 9AA, England +44 20 7929 6611 See all travel guides Read reviews that mention: All reviews dover sole liver pineapple mash business lunch banking hall bank station espresso cup city lunch breakfast meeting set menu great setting two courses great lunch waiting staff visited this restaurant brasserie cloakroom maitre asparagus Review tags are currently only available for English language reviews. Start your review of 1 Lombard Street Click to rate “Another great lunch at 1 Lombard” Reviewed 1 week ago I visited this restaurant again just before Xmas forma business lunch with a colleague and it did not disappoint. Service was attentive and punctual with very little delay between courses.

I had the pork belly and it was outstanding. A nice atmosphere too - Omwill be back ! Helpful? “Excellent City location” Reviewed 2 weeks ago Good selection of food and wide range of wines. Noise levels were quite high meaning we had to raise our voices to be heard. Service was slow and inattentive in places. Helpful? Report Management response: Thank you for your review. I appreciate your positive feedback about the food and wine selection. I am sorry you found it too noisy and I apologise for the slow service. It is hard to reduce the noise levels on busy nights, however I will share all of your feedback with the team. More Warren O Reviewed 4 weeks ago via mobile Visited 1 lombard with some clients for breakfast today. I think it is fair to say that you are paying for the location as the food definitely didn't warrant the price. Terribly small servings also. It is in a nice location, sure but they need to brush up on service and quality. Helpful? Report Lombard S, Manager at 1 Lombard Street, responded to this review Thank you for your review. We are sorry you were not happy with your 1 Lombard experience.

Would you mind emailing me at ab@1lombardstreet.com and let me know what you ordered and a few more details then we can discuss further. Thank you. More ChrBrd “Good food but indifferent service” Reviewed 4 weeks ago Great location next to Bank station, so right in the middle of the financial district. Food was good -- I had the lamb shank -- and not too expensive. The service, on the other hand, was so-so: was ignored at the reception and the waiters were no better than what you would find in any mid-range eatery. Room for improvement. Helpful? Reviewed September 8, 2013 Lombard S, Manager at 1 Lombard Street, responded to this review Thank you for your review. I am glad the food was good but I am sorry that the service was not up to standard. We have shared these comments about the service to the staff and had a big meeting today with everyone about it. I want to assure you that your next visit will be better. We wish you...

More 18msp “noisy, poor service, below standard main course not good.” Reviewed 4 weeks ago I really dislike to leave a negative review as I last came here in august and had a wonderful meal. booked it for my parents 60th wedding anniversary. very very disappointed. arrived to find loud music & was told by the management it was playing because it was xmas. when I made the booking the set menu included steak -... More Helpful? Reviewed November 14, 2016 Lombard S, Manager at 1 Lombard Street, responded to this review I am sorry you were not happy with your experience. I have spoken to the manager on duty and he has informed me that he removed the steaks from your bill, desserts and service charge. We really believe this is a one off as always have very good feedback about our steaks. We apologise sincerely for this and do hope... More JMoorington32 “Terrible service, cold food and rude staff” Reviewed 4 weeks ago Visited 1 Lombard St for a client lunch today.

When my colleague and I arrived we were ignored for a full five minutes then finally showed to our table by a woman who treated us as if we were not good enough to be there. We were in formal business attire - I was wearing a suit and heels, so... More Helpful? Report Lombard S, Manager at 1 Lombard Street, responded to this review Thank you for your review. I am sorry you felt this way, no one would ever be turned away because of their attire. We were actually promoting Christmas jumpers on that day and all the office staff were in them, but we did have an exclusive event that evening so we were actually closed for the rest of the afternoon... More Kim S “Great Food and Fantastic Staff” Reviewed 4 weeks ago We had our Christmas party here and there were around 16 of us. The food was fantastic, even though it was from the pr-order menu - I had the vegetarian choice which was lovely. The wine waiter wins the top rating as he was really attentive and knew his stuff, cocktails were delicious. Helpful? Report Lombard S, Manager at 1 Lombard Street, responded to this review Thank you so much for your review.

We are glad you enjoyed your Christmas party, I will pass all your feedback onto the team. Merry Christmas and a Happy New Year. More gimrah “A shambles at breakfast time” Reviewed 4 weeks ago Visited at breakfast for the second time. My first time was similarly disappointing, which at the time I put it down to a bad day but it was the same this visit. A shambles. I arrived before my companion. Normally one would be offered coffee etc. The first time I got any service whatsoever was after 15 minutes someone trying... More Helpful? “A very City breakfast experience” Reviewed 5 weeks ago I met a good friend for breakfast at 1LS this morning - between 8 and 9.30am, it's a bit like a waterhole during the drought in the middle of the Kahalari desert. By 10am, it's as if the heavens had open and the big beasts can go back to their normal territory. Helpful? Report Lombard S, Manager at 1 Lombard Street, responded to this review Thank you for your review. We like your comparison to the Kahalari desert, it certainly is like that.

Have a good Christmas and we hope to welcome you in again soon. More deehell Reviewed December 13, 2016 via mobile Just back from lunch here... Really beautiful decor, with tables closely packed together and a real buzz in the room. My Thai beef salad was very tasty with fresh herbs and chili and the food was served quickly. Definitely not for a quiet meal out but just right for a quick lunch with a friend Helpful? Report Lombard S, Manager at 1 Lombard Street, responded to this review Thank you very much for your review. We are really pleased you enjoyed your experience. Our Brasserie can be very busy at lunchtimes, however, if you are after a quieter experience 1776 restaurant at the back of the Brasserie is ideal for this. More Write a Review Add Photos & Videos Is This Your TripAdvisor Listing? Own or manage this property? Claim your listing for free to respond to reviews, update your profile and much more.

Brunch, Breakfast, Lunch, Dinner, Late Night Restaurant features Reservations, Private Dining, Seating, Waitstaff, Serves Alcohol, Full Bar Dining Style Bar scene, Business meetings, Special occasions, Large groups Open Hours Address: 1 Lombard Street | Bank, London EC3V 9AA, England Public Transportation: Tube: Bank exit 7 Location: Europe > United Kingdom (UK) > England > London> > City of London Neighborhood: City of London Phone Number: +44 20 7929 6611 Description 1 Lombard Street is not only the Square Mile's most established restaurant but arguably it's best placed, sited in pole position next to Mansion House, the official residence of the Lord Mayor of London, and directly opposite the Bank of England.Housed in a former Grade II-listed bank, it was opened in 1998 by former banker Soren Jessen and comprises a restaurant, Brasserie, private dining and events rooms.Open for breakfast, lunch and dinner, five days a week, the bustling 200 seater Brasserie is suited to all tastes, budgets and occasions.Casually elegant, warm and inviting, it features the building's stunning glass cupola

 – a centrepiece dome designed by Italian architect Pietro Agostini.The food here is comforting and classic - the lamb cutlets and crab & avocado salad are genuine City favourites.There's a formidable choice of steaks and many delicious desserts, including mixed berries with soft vanilla ice cream and caramelised spiced pineapple.1 Lombard Street is where the City meets for breakfast, lunch and dinner, launches new businesses, signs deals and celebrates profits.

And it's even where the City gets married. Questions & Answers Head office | Barclays Group Archives Stories Head office For over 300 years, Barclays’ head office, originally known as a ‘shop,’ was situated in Lombard Street in the City of London, which had been associated with the world of finance for several centuries. John Freame, from whom Barclays’ foundation is traced, traded as a goldsmith in Lombard Street from 1690 with his partner Thomas Gould. The business moved to the sign of the black spread eagle in 1728. Most of the ‘shops’ had a trading sign by which they were identified at a time when few people could read. Although buildings changed hands and usage, the signs would often remain. Later, when properties were numbered, the Barclays address was identified as 54 Lombard Street. The bank expanded considerably over the course of the next 200 years and by 1920, the Barclays' head office site covered numbers 42-58 Lombard Street.

The Head Office building underwent a variety of facelifts and renovations, including more extensive projects such as a grand Italianate design in 1864, a partial re-build in 1916, and a major rebuild and modernisation between 1959 and 1971. On each occasion, the design sought to demonstrate the growing strength and confidence of the company. These designs also sought to complement the increasingly complex work undertaken by the bank, and included internal renovations which allowed for the increased use of mechanical and technological office equipment. Technical and organisational changes in banking, coupled with the low office density meant that in the 1960s, the Lombard Street building, although liked by staff, became unsuitable as a head office, and after only twenty years’ use, it was decided to rebuild once again. Demolition began in 1990. During the rebuilding process, head office departments were relocated to temporary offices in other bank premises. They began to return to the new Lombard Street building in 1994. However, just seven years later, Barclays announced that head office would move to new premises in Canary Wharf in 2005.

In January 2005, the first departments from a number of sites across London began to move into 1 Churchill Place at Canary Wharf. In the process, Barclays either sold or reduced its holdings in sites in the City and in central London. A total of 14 London buildings were closed and 5,000 Barclays staff moved during this time to a purpose-built structure comprising 33 floors and 1 million square feet, all of which was built in 30 months. By the end of the year, a wide variety of services such as Corporate Secretariat, Legal, Risk, Information and Technology, Corporate and Public Affairs, Treasury, the London-based arm of Barclaycard, and Large and Medium Business Banking had completed the transfer and were operating from Churchill Place. Architects Larry Malcic, with the external brief, and Jack Pringle who was tasked with the interior floor space, opted for a steel framed design which created large, open spaces intended to encourage communication between staff. The building also incorporated smaller, more private spaces which served as state-of-the-art meeting or training suites and ‘break-out’ spaces where small groups could gather.

The open floor plan and space management incorporated both business and environmental sustainability by reducing energy consumption and managing noise, thereby allowing a more physically comfortable working environment for staff. The glass panelled design considerably increased natural sunlight throughout the building and afforded impressive views of the London skyline. The building also included many staff amenities such as easy access to public transport links, extensive restaurant facilities, a gymnasium and a private, multi-faith prayer room. Also included in the design is a roof garden, a sustainable environmental habitat. The new head office consolidated all aspects of the bank in one place allowing for greater co-operation and co-ordination so essential to modern success. Just as Barclays had done at the beginning of the 20th century, the new head office building reflected the increasing confidence felt in the business at the beginning of the 21st century at a time of record profits. By May 2005, all departments had relocated and Barclays’ Registered Office address formally changed from 54 Lombard Street to 1 Churchill Place on 31 May 2005. Outside London However, not all head office functions are based in London.

During the second half of the 20th century, increasing London costs, staff shortages within the City, and the need for more office accommodation forced Barclays to expand head office functions into facilities based outside the City. One of the earliest examples of this was the opening of a new branch clearing department at King’s Heath, Northampton, a move completed in 1960. The site was opened by Thomas Bland, Barclays’ Deputy Chairman and Dame Evelyn Sharp, Permanent Secretary to the Ministry of Housing and Local Government. The building was designed with open spaces, more natural daylight and staff comfort and increased car parking in mind. Barclays’ presence in Northampton increased when Barclaycard, Britain’s first credit card, set up operations in an abandoned shoe factory in the town. By the early 1970s, Barclaycard House, the purpose-built headquarters for the Barclaycard business was up and running. Barclaycard House served as the head office for a largely independent, specialist business which was owned and marketed by Barclays but possessed an ethos and approach largely of its own. Barclaycard House was subsequently closed, and was completely rebuilt on another site in Northampton in 1997.

The next major phase of the transition took place in the 1970s with the construction of Radbroke Hall and Barclays House. Radbroke Hall, a facility near Knutsford in Cheshire, initially played host to the Bank’s Registration, Management Services and Accounting and Statistics (Staff) Departments. In the 21st century, Radbroke Hall now serves as the major centre of IT governance, administration and support for the Bank. In 1975, Barclays House in Poole was opened by Barclays Bank International. After 1985, when the Barclays Group reorganised and Barclays Bank Limited (the UK-based Bank) and Barclays Bank International merged into a single organisation, the role of Barclays House slowly changed. Barclays House now contains many Group-wide human resources and staff services functions, including pensions, pay and benefits, staff health, safety and well-being and staff personal development and training services. Finally, after several years planning and development, the final head office satellite site, Westwood Park near Coventry opened in 1990.

Westwood Park, built according to the most modern standards, contained the Bank’s Property Services, Personal Sector Marketing, Bank Inspection, Electronic Banking Departments and other support functions which transferred from buildings in the City. Links to the old head office building in Lombard Street have been emphasised by the siting of three of the Charles Wheeler bronze statutes from the 1960s building at Westwood Park. Since then, other services such as Premier Banking have moved to Westwood Park bringing with them a broad range of people, actively supported by Barclays' sponsored relocation schemes for staff moving into the area. Tags 11-00-10 London City Office Top: 1905 Martinï¿½s Private Bank Logo from Cheque Bottom: 1917 Grasshopper from Letterhead Image ï¿½ Martins Bank Archive In its role as the bankï¿½s principal London Office, 68 Lombard is also home to a number of centralised departments, several of which are concerned with the Bankï¿½s experiments with NEW TECHNOLOGY . Lombard Street is itself so narrow, that it is practically impossible to obtain a front view photograph of No 68.

The photograph (right) which we took at sunset in the of Summer 2009, shows just how magnificent this building - which hasnï¿½t been a bank since 1983 - still isï¿½ The site at 68 Lombard is so steeped in history, that in 1930 Martins Bank publishes a booklet whose main purpose is to explain just why the building has to be pulled down and rebuilt!ï¿½ See also THE REBUILDING OF 68 LOMBARD ST . The booklet itself however serves also as a useful guide to the history of the site.ï¿½ The text is reproduced below, along with some of the images that show the history of banking at the sign of the grasshopper, from its beginnings with Sir Thomas Gresham in 1563ï¿½ ï¿½Image ï¿½ Martins Bank Archive Collection ï¿½ Julie Snowden 2009 ARTINS BANK has been compelled by the needs of modern business to pull down a structure full of old associations, and covering the sites of many ancient houses, offices, and taverns, in order to erect a new building capable of meeting the demands of the present time.

With the help of the Architect, Sir Herbert Baker, an attempt has been made to preserve the old traditions, in the belief that those who do business in the twentieth century at the sign of the Grasshopper will be interested in the past records of what may well be the oldest Banking House in the City of London. Lombard Street has been the financial centre of London from the earliest times, and is mentioned by name in a Charter of Edward II in 1319, confirming certain land "abutting on Lombard Street to the South and towards Cornhill on the North" for the Merchants of Florence. These Italian Merchants, or Lombards, were the chief rivals of the Jews in transacting the financial affairs of Europe, and the head of a Lombard wearing the traditional cap of his race is carved on the keystone of the centre window of the third floor.ï¿½ Today Lombard Street denotes the London Money Market and a mythical figure of a Discount Broker is carved above the door in Change Alley East, with a classical inscription showing the respect of the Market for the Bank.

By the reign of Henry VII this quarter was so well established as the meeting place of the principal merchants, that a proposal that they should move from Lombard Street to Leadenhall Street was negatived by the Common Council. A few years later Sir Richard Gresham tried to establish an Exchange in Lombard Street but it was left to his more celebrated son, Sir Thomas Gresham, to found the Royal Exchange on the North Side of Cornhill. Sir Thomas Gresham, a Mercer and not a Goldï¿½smith, was the trusted agent of Mary and Elizabeth in the low countries and has always been considered the first English Banker to understand the working of the Foreign Exchange. From him is derived the sign of the Grasshopper which hangs from the wall to this day. In the i6th century the houses in a street were distinguished by signs - the houses in Lombard Street were not numbered until 1770 ï¿½ and Gresham used his family Crest to mark his residence in the City.

The exact date of his acquiring this site is not certain The Entrance Hall Tradition has it that a Banking business has been carried on here since 1563, but we know that he lived here in 1560, for in April of that year he wrote to Cecil "I have commanded my factor Candellor to be with you by VI of the clocke in the morning every morning, for that I have no man ells to do my business and to keep Lombard Street." About this time the name of Martin first appears in the lists of prominent citizens of London. In 1558 Richard Martin was called to the livery of the Goldï¿½smiths Company, and in 1588, the year of the Spanish Armada, he served as Lord Mayor and was knighted. He was also Master of the Mint from 1572 until his death in 1617, and without doubt he had frequent transactions with Gresham, thus beginning the association of the Martin family with the Grasshopper, which has continued to the present day.

Garrawayï¿½s Coffee House The Coats of Arms of the families of Gresham and Martin are carved above the two large windows in the Lombard Street facade. Owing to the destruction of almost all the Title Deeds of this part of the City in the Great Fire of 1666, and the loss of the remaining early records of the Bank in 1825 in the disastrous fire in the Royal Exchange, where they had been deposited for safety, it is difficult to trace accurately the occupation of the Grasshopper during the first half of the 17th Century. We know that Edward Backwell, a prominent Goldsmith, carried on his business at the Grasshopper and at the adjoining property, the Unicorn, from 1662 until 1672, when King Charles II laid hands on nearly ï¿½300,000 of Backwell's money, which with that of other Goldsmiths, had been deposited in the Exchequer.ï¿½ Samuel Pepys, the Diarist, kept his account with Backwell, and it is probable that from 1672 until 1680, when he transferred his business to Mr.

Richard Hoare of Fleet Street, he kept an account with Charles Duncombe, Backwellï¿½s. successor, who appears to have had timely warning of the closing of the Exchequer. He had formerly been Backwell's apprentice and took over Backwell's lease of the Grasshopper and of the Unicorn, carrying on a Goldsmiths business in partnership with Richard Kent and later with his brother, Valentine.

The Goldsmiths were by this time beginning to do a regular Banking business as we now understand it, and in a supplement to "The Little London Directory" published in 1677, there appears a list of "Goldsmiths that keep running cashes." Among these are mentioned " Charles Duncombe and Richard Kent, of the Grasshopper in Lombard Street." Pepys in his Diary has a few words to say of their transactions, complaining of " the Goldsmith's shops, where people are forced to pay 15 or sometimes 20 per cent, for their money, which is a most horrid shame, and that which must not be suffered." In this connection it is interesting to note that certain books of account, which in these days of machine accounting go by the prosaic name of Waste Books, were, until a very few years ago, known as the Goldsmiths Books. In 1686, the name of Richard Smythe appears as a partner of the Duncombes and Kent, and his portrait, attributed to Huyssmann, is hung over the fire-place in the Parlour.

Before his death in 1699 Richard Smythe took into partnership a connection of his wife's, Andrew Stone, and also engaged as Clerk, Thomas Martin, who became a partner four years later. From this time until 1852, when Mr. George Stone left the firm, the business at the Grasshopper was mainly conducted by members of these two families, and the present Chairman of the London Board is a representative of the sixth generaï¿½tion of the family whose name is preserved in the title of the Bank.ï¿½ On the ceiling of the Parlour appear the Coats of Arms of Stone and Martin together with those of Gresham and Backwell, providing an interesting record of those who conducted their affairs in former centuries in the very place where the Managing Directors sit together to-day. On the cornice round the Banking Hall the old names mark the sites of the original buildings, which one by one have been added to the Bank during the last two hundred years.ï¿½ï¿½ The frieze above is decorated with the Coats of Arms of Trading and Livery Companies, with which those who carried on their business in these buildings were connected.

On the Walls of the Entrance Hall are displayed the Fire Arms which were kept in the 18th century to protect the valuables of the Bank and its customers.ï¿½ Today the Bank's reserve of Notes is kept in reinforced concrete Strong Rooms on the second and third floors below the ground. It is interesting to compare the old method of keeping the reserves of gold and silver shown in the folio wing Cash Statement of two hundred years ago. The "Little Iron Chest" mentioned is now to be seen in the Banking Hall. The firm of Stone and Martin in 1706 only rented the Grasshopper, which extended over little more than the present Parlour, and it was not until 1741 that James Martin purchased the freehold, together with that of the adjoining property, The Three Crossed Daggers. At the beginning of the 18th Century the space afforded by the Royal Exchange had become too limited to accommodate the men of business who frequented it, and Change Alley, with its numerous taverns and Coffee Houses, became the centre of the speculative activity which ended with the collapse of the South Sea Bubble in 1720.

Bakers Chop House Thomas Garraway is said to have established here the first Tea House in London, and in Swift's poem " The South Sea Project" Garraways is referred to as the headquarters of the dealers and brokers who preyed upon the public. Defoe too, in 1722, speaks of Garraways as the haunt at Mid-day of people of quality who had business in the City. Later it became a noted Auction Room, before, in 1866 it was acquired by Messrs. Glyn & Company and finally in 1874 passed to Martin and Co. in exchange for The Plough, No. 67, Lombard Street, which had been bought by James Martin nearly a hundred years previously. 68 Lombard Street before the 1930 rebuild In 1700 Garraways Coffee-House abutted westï¿½wards on the Crown Alehouse, and beyond this, at the corner of Change Alley, stood the Exchange Tavern. To the south of these lay Bakers Chop House, formerly known as the Rummer Tavern. The freehold of all these properties was acquired by Martin and Co.

in 1882 and 1884, but Bakers Chop House kept its identity until only ten years ago when the increase of business made it essential that this last survivor of many taverns should be thrown into the Offices of Martins Bank.ï¿½ The Unicorn, which had parted company from the Grasshopper after the time of Backwell and Duncombe, changed hands on many occasions, but finally after a lapse of over two hundred years was bought by Martin and Co. in 1890. The other old Inn whose name is inscribed on the wall of the Banking Hall, is The White Horse, which after several changes of ownership is now occupied by Martins on a long lease from their neighbours, Lloyds Bank.ï¿½ The changes and the steady growth of the premises are of little account when compared with the expansion of the business. The Goldsmiths shop developed into the private Banking Firm, and in 1890 this became Martin's Bank, Limited. In 1918 the name was changed again, the Bank of Liverpool and Martins being the title assumed on the amalgamation of Martins Bank with the Bank of Liverpool.

The incorporation of the Lancashire and Yorkshire Bank in 1928 led to the shortening of this unwieldy title. In the Bank's Coat of Arms the Liver Bird representing Liverpool is associated with the Grasshopper, while the old historical traditions of Lombard Street are preserved in the name of Martins Bank. Lombard Street Research Who we are A history of successful forecasting Since 1989 Lombard Street Research has provided global investors with independent, provocative economic analysis and investment advice that challenges the consensus. LSR was founded by Tim Congdon CBE, one of the UK’s leading economists since the mid-1970s. He was soon joined by Brian Reading, an influential contributor to the international economic debate since the 1950s. A unique approach Clients value the fully integrated, global nature of our research, which is essential to understanding today’s interlocking markets. Our approach to macroeconomic analysis is pragmatic, borne of years of lateral thinking. LSR’s successful forecasting methodology combines Keynesian and monetary economics. Our understanding of money, credit and banks, and their interaction with asset markets, is unrivalled. The analysis of sector financial balances and the flow of funds is widely neglected.

Not at Lombard Street Research. We study them because they help us understand how monetary trends affect the real economy, significantly improving our forecasts. Those who paid attention to them, as we did, were among the few who saw the global financial crisis coming. 'A Friend in Lombard Street' The character featured in our logo is based on an original engraving of a certain Mr. Richardson, the first billbroker and the original "Friend in Lombard Street" as featured in Walter Bagehot's 1873 classic on monetary economics "Lombard Street". PRIVACY This privacy statement discloses the privacy practices for It applies solely to this website. Information collection and use LSR does not store or collect any personal information about site users, other than their account credentials. This data is not sold or utilised by any other 3rd parties. COOKIES POLICY ABOUT COOKIES Cookies are information packets sent by web servers to web browsers, and stored by the web browsers. The information is then sent back to the server each time the browser requests a page from the server. This enables a web server to identify and track web browsers. There are two main kinds of cookies: session cookies and persistent cookies.

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Question: With what activity is Lombard Street in London associated
Answer: Finance